FAQs

There are a few fees associated with applying and signing a lease.

The application fee is $55 and is due when you turn in the application.

Due at lease signing is a $250 Non-Refundable Refurbishing Fee which goes towards the upkeep of common areas of the property, such as the access gate and the stairs to campus. This fee is due per resident each lease term.

Also due at lease signing is a $300 Reservation Fee. This fee is credited towards August rent and can be split up among the residents.

Towson Place Apartments offers joint and several liability leases, which means every signer of the lease, is responsible for the terms of the lease and total fees due.

In addition, on a limited basis TPA will offer a "by the bed" lease. These leases are only offered on specific apartment types, and by signing a by the bed lease, the resident and guarantor are only responsible for their portion of the rent. However, this also means that the staff of TPA may assign you a roommate at any time.

All signers of the lease are responsible for the fees associated with damages, outstanding rent, etc. unless someone takes full responsibility.

All residents are provided with a Apartment Condition Report at move-in. Residents are encouraged to be thorough when examining the apartment for any existing damages to ensure that they are not held responsible for damages not cause by them.

All signers are responsible for fees associated with all rent due or late rent payments. It is up to the roommates, not the landlord, to collect from the non-paying resident. This means if your roommate moves out, or damages his/her room beyond repair, we can hold all roommates responsible, and you may be liable for the entire amount. The landlord does not assist with collection of monies between roommates.

You are responsible for choosing your roommates. Therefore, be sure to have intentional conversations related to living habits, financial means, etc. It is important to protect yourself by choosing roommates you can trust, keeping the Leasing Office informed when you vacate your apartment and following the requirements in your lease when moving out.

Rent is due the first day of every month and is considered late after the fifth day. On the sixth day of the month, a late fee of 5% of the total monthly rent owed is assessed to past due accounts. All residents of the apartment are responsible for the late fee, unless someone takes full responsibility.

Because Towson Place Apartments is a traditional apartment complex that is not affiliated with Towson University, we are unable to defer rent payments due to unreceived financial aid. If you depend upon financial aid to pay for your housing, you will want to be prepared to pay at least August rent without financial aid.

Click Here to Learn How!

Resident Portal Registration